Jul

27

2005

ITEF Comment Vol. XI Issue 4

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Springfield Spenders Squander State Revenue Increase And Put State In Red

Last year at this time, the fiscal “news” from the State had an ominous ring, even as total state revenue for Fiscal Year 2004 had risen $5.2 billion or 10.5% over FY2003, according to the Illinois Comptroller’s website and reported by the Illinois Taxpayer Education Foundation (ITEF). Illinois House Speaker Michael Madigan (D-22, Chicago) confirmed ITEF’s figures during the dog-and-pony show he called the “Speaker’s 2005 Bipartisan SUMMIT on State Finances and the Budget for the State of Illinois” in February of this year. Read more